PIXELWORKS, INC.
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| Three Months Ended |
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| March 31, |
| December 31, |
| March 31, |
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| 2024 |
| 2023 |
| 2023 |
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Reconciliation of GAAP and non-GAAP gross profit margin |
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GAAP gross profit margin |
| 50.5 % |
| 44.7 % |
| 43.8 % |
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Stock-based compensation |
| 0.1 % |
| 0.1 % |
| 0.2 % |
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Total reconciling items included in gross profit |
| 0.1 % |
| 0.1 % |
| 0.2 % |
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Non-GAAP gross profit margin |
| 50.7 % |
| 44.8 % |
| 44.1 % |
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*Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial Measures" in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. |
PIXELWORKS, INC.
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| Three Months Ended | ||
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| March 31, | December 31, | March 31, |
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| 2024 | 2023 | 2023 |
Reconciliation of GAAP net loss attributable to Pixelworks Inc. and adjusted EBITDA |
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GAAP net loss attributable to Pixelworks Inc. | $ (5,066) | $ (3,744) | $ (9,396) |
Stock-based compensation | 1,075 | 1,119 | 1,166 |
Non-GAAP net loss attributable to Pixelworks Inc. | $ (3,991) | $ (2,625) | $ (8,230) |
EBITDA adjustments: |
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Depreciation and amortization | $ 1,109 | $ 1,076 | $ 1,081 |
Non-GAAP interest income and other, net | (434) | (435) | (671) |
| Non-GAAP provision for income taxes | 105 | 39 | 34 |
| Adjusted EBITDA | $ (3,211) | $ (1,945) | $ (7,786) |
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| *Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial Measures" in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. |
